The Indian agriculture sector has hailed the restructuring of Goods and Services Tax (GST), as the Indian Rice Exporters Federation (IREF) on Saturday said that the reform will help the farmers due to the enhanced demand.
Union Minister of Commerce and Industry, Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations on Wednesday to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics.
The session 'Commercial Exports through India Post' comes at a critical time as Indian exporters face tariff uncertainties, particularly with the United States, which has imposed 50 per cent tariffs on imports from India.
TN CM Stalin tagged PM Modi and Finance Minister Nirmala Seethaaran in a post on X, demanding an explaination on why exporters were being made to bear the losses while refineries in Gujarat benefited from cheap Russian oil.
According to the AIMTC, exporters, importers, and project cargo operators are facing massive losses as time-bound shipments are stranded en route to Mumbai Port.
A delegation of the Federation of Indian Export Organisations (FIEO) on Thursday called on Finance Minister Nirmala Sitharaman and received assurances of full government support to safeguard exporters' interests following the recent escalation of tariffs by the United States, said the indust
Tamil Nadu BJP chief also stated that the INDIA bloc leaders are spreading panic among cotton farmers and deliberately "underestimating India's efforts to shield the sector from global disruptions".
The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.
Shamim Azad, a leather exporter, stated that the United Kingdom is currently experiencing a recession and had some work in the US, but it has completely "flopped" at present. He mentioned that the US customers have asked them to put the orders on hold due to the tariffs.
Panipat (Haryana) [India], August 25: The Foundation for MSME Clusters (FMC), as the implementing partner of the "Green Threads" programme funded by the European Union under its SWITCH-Asia initiative, in collaboration with the Panipat Exporters Association, organized a pivotal workshop at D